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GKFX’s FairMarkets Announces FairMarkets Trader Decommission

2021-03-30 BrokersView

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ASIC-licensed broker FairMarkets has decommissioned its proprietary FairMarkets Trader platform and asked its users to use the company's MT5 Desktop Platform or MT5 mobile.

In the FairMarkets Trader Decommission Notice, the broker stated that due to ASIC's regulatory changes, it was unsure if the parameters of its platform were able to handle the new rules.

"After extensive talks with the vendors' developer, Fairmarkets has decided that it will no longer be able to accept trades on the FairMarkets Trader from 26 March 2021," FairMarkets mentioned in the notice.

FairMarkets was acquired earlier this year by Turkey's Global Kapital Group, which owns and runs the GKFX Retail FX brand.

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